Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not
It does not.
At best, Trump's 'no tax on Social Security' claim exaggerates the benefits to seniors if either the House or Senate-passed proposals is signed into law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
8 minutes ago
- Bloomberg
Bloomberg Daybreak Asia: S&P Sets Fresh Record; US-Vietnam Trade Pact
A rally in several big tech companies fueled gains in US stocks, with the market extending its advance as President Donald Trump said he reached a trade deal with Vietnam. Treasuries fell as a selloff in UK bonds underscored deficit worries. Following earlier losses driven by weak jobs data, the S&P 500 rose to fresh all-time highs. In the run-up to the jobs report, economists forecast employers added 110,000 jobs in June — the fewest in four months — amid a slight rise in the unemployment rate to 4.3%. The Bureau of Labor Statistics report is due Thursday, a day earlier than usual because of the Independence Day holiday. We get reaction to the day's market moves from Brian Krawez, President at Scharf Investments. Plus - the trade truce between Washington and Beijing may be holding for now, but China is increasingly wary about what's happening elsewhere: US efforts to forge deals that could isolate Chinese firms from global supply chains. Ahead of a July 9 deadline, US officials are deep in talks with major trading partners in Asia and Europe, pushing for new agreements that would include restrictions on Chinese content, or secure commitments to counter what Washington sees as China's unfair trade practices. In the first such deal, President Donald Trump on Wednesday announced a tiered tariff agreement with Vietnam. Exports to the US from the Southeast Asian nation will be charged a 20% rate, Trump said in a social-media post, with 40% levied on any goods deemed to be transshipped through the country. We get the latest from Jill Disis, Bloomberg News Desk Editor in Hong Kong. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts on The Asia Trade.
Fox News
17 minutes ago
- Fox News
Court approves settlement after North Carolina student suspended for 'illegal aliens' comment
A high school student's free speech battle against a North Carolina school board took an important step towards closure after a court hearing Tuesday. Christian McGhee, 17, was suspended last year after school officials deemed he made a "racially insensitive" comment about "illegal aliens" in class. The suspension led to a year-long legal battle with the Davidson County Board of Education. Last month, a proposed settlement was reportedly reached between McGhee's parents and the school board. On Tuesday, Judge Thomas David Schroeder of the U.S. District Court for the Middle District of North Carolina ruled that the proposed settlement was "fair, reasonable and in the best interest of [Christian]," according to a press release released Wednesday by the student's legal representatives at the Liberty Justice Center. The school has reportedly agreed to remove the racial bias incident from McGhee's record, issue a public apology, and acknowledge that a former board member responded inappropriately to the incident. Additional terms of the agreement are sealed, but the New York Post reported that the family is also slated to receive a $20,000 payment. Because the student is a minor, a court hearing was required to finalize the settlement, according to the legal group. The teen received a 3-day suspension in the spring of 2024 after asking his teacher if a conversation in class was centered around "spaceship aliens" or "illegal aliens who need green cards" after he returned to the classroom from the restroom. A Latino student present in the class reportedly "joked" that he was going to "kick Christian's a--," leading the teacher to escalate the situation to the assistant principal. McGhee's mother, Leah, who was behind the legal push against the district, told "Fox & Friends" last year that their family tried "for weeks" to resolve the matter privately but were forced to file a lawsuit after getting no response from the school board. The lawsuit accused the school board of violating McGhee's constitutionally-protected rights to free speech and due process. "The court's approval represents a critical step towards finally vindicating Christian's constitutional rights and clearing his record of false allegations," Liberty Justice Center Senior Counsel Dean McGee said of this week's ruling. McGhee's parents said they were grateful and celebrating the legal win. "We are grateful for the Liberty Justice Center's tireless efforts to bring justice to our son, and to the members of the current school board who chose to work with us to help resolve the case," Leah and Chad McGhee said. "Together with the help of our community, we have proved that constitutional rights do not end at schoolhouse doors. We are celebrating this victory and hope it encourages other families to stand firm in the face of adversity." The Davidson County School Board did not immediately return a request for comment.
Yahoo
18 minutes ago
- Yahoo
Critics Snap At White House's Latest Wild Image Of Donald Trump
The White House on Tuesday marked Donald Trump's visit to his administration's controversial new migrant detention center in Florida's Everglades — which has been dubbed 'Alligator Alcatraz' — with an at least partially AI-generated social media post that was swiftly condemned as 'shameful' by critics, but predictably cheered by the president's MAGA base. The picture (see it here) showed Trump standing alongside three alligators wearing caps labeled 'ICE,' referring to the Immigration and Customs Enforcement agency that Trump has instructed to carry out the largest mass deportation program in history. 'Alligator Alcatraz: Make America Safe Again,' the image and post were captioned. It echoed an image shared by the Kristi Noem-run Department of Homeland Security this weekend, which showed four alligators with 'ICE' caps in front of a prison-esque fence. Trump and his allies have gone to great lengths to hype the new facility, which is surrounded by wetlands inhabited by pythons and alligators, and the potentially grisly consequences that may face migrants who try to flee. 'There is only one road leading in, and the only way out is a one-way flight. It is isolated and surrounded by dangerous wildlife and unforgiving terrain. The facility will have up to 5,000 beds to house, process and deport criminal illegal aliens,' White House press secretary Karoline Leavitt giddily said of the center. Trump himself, meanwhile, has said: 'Snakes are fast but alligators — we're going to teach them how to run away from an alligator. ... Don't run in a straight line, run like this,' he said while making a zigzag motion with his hands. 'You know what, your chances go up about 1%.' Trump Asks DeSantis The Weirdest Question About Marjorie Taylor Greene, In Front Of Her BF Wall Street Journal Warns Trump May Have Just Sabotaged His Own Presidency Conservative Pundit Spells Out Exactly Why Republicans Are 'So Glum' About Trump's Bill
